PRET A MANGER acquired by JAB BEECH
Context
JAB acquired a majority stake in Pret A Manger from Bridgepoint and other minority shareholders in May 2018. The transaction value the company above £1.0b including debt, with Pret shareholders and employees benefiting from the change in ownership. The deal followed more than a decade of Bridgepoint ownership and gave JAB control of one of the U.K.'s best-known ready-to-eat food chains. The strategic rationale was to add a premium, high-frequency food and coffee brand to JAB's expanding consumer platform. Pret brought a strong U.K. core, a growing international footprint, and a menu centered on freshly prepared sandwiches, salads, wraps, and beverages. JAB saw Pret as a natural complement to its existing coffee and foodservice holdings, giving it another branded concept with cross-market expansion potential and strong consumer loyalty. The company’s emphasis on quality ingredients and prepared-in-shop offerings aligned with JAB’s broader interest in premium, margin-rich consumer businesses.
PRET A MANGER, which reported an EBITDA margin of LOGIN in 2017, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Retail & Consumer sector (11.0x).
Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.
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Target
Pret A Manger is a British ready-to-eat food and coffee chain founded in 1986 and headquartered in London, United Kingdom. The company specializes in freshly made sandwiches, salads, wraps, juices, and hot beverages prepared daily in shop kitchens with an emphasis on quality ingredients and convenience. Pret built its brand around a fresh, healthy, urban lunch proposition, with strong appeal to commuters and office workers. Pret was widely known for its simple menu, fast service, and charitable food donation practices. Pret's model combined company-owned and franchised locations with a strong brand identity and high-frequency urban traffic. Its revenues came from store sales and related foodservice activity.
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Historical Financials (GBP)
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REFERENCES
Valuation range: EV 1b - 4b GBP
Revenue range: 450M - 900M GBP
EBITDA range: 100M - 200M GBP
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Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).
Target: pret a manger
Acquirer: jab beech